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16 July 2024 | 1 reply
I am going to be doing an extensive renovation, biggest thing is dorming out the roof to increase the size of the bedrooms.
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17 July 2024 | 20 replies
In the end our actual budget has been ahead of our estimated which has worked out in our favor.The biggest variable is going to be placement costs.
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19 July 2024 | 11 replies
No lost controls, your phone is probably with you when you want to control the fan.
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19 July 2024 | 7 replies
Additionally, it would be greatly appreciated if you could share addendum to include in the lease regarding the ESA animal.The building has carpeting all over and we have a no pet policy.
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20 July 2024 | 9 replies
You'll have lots of options no matter where you go in Boston, good luck!
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19 July 2024 | 6 replies
Basically - any legal filings that come into play during that redemption period could cost you the house - but you wouldn't lose your money as long as you didn't default on your obligations to the court / auction.In Florida there is no inspections of foreclosed properties.
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19 July 2024 | 7 replies
Yes several investors offer fixed second loan and heloc programs including one 100% online with no appraisal required, disbursement in 5-7 days.
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17 July 2024 | 37 replies
All my deals are off market, no realtor involved.
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19 July 2024 | 6 replies
If it's standard for the tenant to pay and the property is submetered then no problem.
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16 July 2024 | 12 replies
Mortgage, Taxes, Insurance, HOA: $3040.37Estimated rent: $2475Total Expenses: $3660.12Vacancy (5%): $123.75Repairs (5%): $123.75Capital Expenditures: $100Property Management (11%): $272.25Information when I bought the house in 2022, new constructions Purchase Price: $373000Purchase Closing costs: $4662Current home value: 400k-420kCash Flow: $2475-$3660.12= -$1185.12; -$71107.2 at 5 yearsCash on Cash Return on Investment (CoCROI): 0%Appretiation per year (6%); $535,290.23 at 5 yearsEquity: Loan value $345,089.53 at 5 years; $190,200.47 in equity at 5 yearsLoan Value today 6/2024: $368,201.59Total ROI in 5 years= (Total profit/Total Invested capital)/ Time (in years); Total profit: $190,200.47Total Invested: $71107.2 (neg cash flow) + $42757 (closing sale costs)= $113,864.20Total ROI (5 years)= ROI 67%, annualized ROI 10.8%My biggest concern is that I am relying solely on appreciation and assuming will appreciate at 6% per year.